Finland: Metal Vehicle Lock Market 2025

Metal Vehicle Lock Market Size in Finland

In 2021, the Finnish metal vehicle lock market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption posted a resilient increase. Metal vehicle lock consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Metal Vehicle Lock Production in Finland

In value terms, metal vehicle lock production soared to $X in 2021 estimated in export price. In general, production recorded a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of 27% against the previous year. Metal vehicle lock production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Metal Vehicle Lock Exports

Exports from Finland

In 2021, exports of base metal motor vehicle locks from Finland soared to X tons, picking up by 134% on 2020. Over the period under review, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal vehicle lock exports soared to $X in 2021. In general, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.7% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 71% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for metal vehicle lock exports from Finland, with a 54% share of total exports. Moreover, metal vehicle lock exports to the UK exceeded the volume sent to the second major destination, Russia (X tons), threefold. Estonia (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +88.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+3.9% per year) and Estonia (-0.0% per year).

In value terms, Russia ($X), Estonia ($X) and Italy ($X) constituted the largest markets for metal vehicle lock exported from Finland worldwide, together accounting for 60% of total exports.

Italy, with a CAGR of +84.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal vehicle lock export price amounted to $X per ton, falling by -49.7% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by 37%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports into Finland

In 2021, purchases abroad of base metal motor vehicle locks was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal vehicle lock imports skyrocketed to $X in 2021. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 57%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of metal vehicle lock to Finland, with a 53% share of total imports. Moreover, metal vehicle lock imports from Germany exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), fivefold. The third position in this ranking was held by Sweden (X tons), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+442.5% per year) and Sweden (+10.7% per year).

In value terms, the largest metal vehicle lock suppliers to Finland were Germany ($X), Sweden ($X) and Bulgaria ($X), with a combined 71% share of total imports.

Bulgaria, with a CAGR of +401.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal vehicle lock import price stood at $X per ton in 2021, dropping by -16% against the previous year. Overall, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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